Comments on: Annals of New York private schools, Avenues edition http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: SteveHamlin http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43116 Thu, 13 Sep 2012 22:33:49 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43116 @rmmm: “Maths fail”

Felix’s math look correct to me. $5mm note, amortized over 360 months, 4% rate, is $286k a year in P&I payments.

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By: SteveHamlin http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43106 Thu, 13 Sep 2012 21:51:15 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43106 @rmmm: “Maths fail”

Felix’s math look correct to me. $5mm note, amortized over 360 months, 4% rate, is $286k a year in P&I payments.

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By: SteveHamlin http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43105 Thu, 13 Sep 2012 21:50:54 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43105 @rmmm: “Maths fail”

Felix’s math look correct to me. $5mm note, amortized over 360 months, 4% rate, is $286k a year in P&I payments.

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By: SteveHamlin http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43102 Thu, 13 Sep 2012 21:45:56 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43102 @rmmm: “Maths fail”

Felix’s math look correct to me. $5mm note, amortized over 360 months, 4% rate, is $286k a year in P&I payments.

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By: Strych09 http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43084 Thu, 13 Sep 2012 19:40:33 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43084 I did pick up the sarcastic use of the phrase “middle class”; it’s a reference to the fact that in the U.S., the truly rich think of themselves and describe themselves as “middle class”, even though they aren’t.

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By: SamPenrose http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43079 Thu, 13 Sep 2012 17:01:40 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43079 “it’s just another private school in Manhattan, one which has the same kind of middle-class parents as the others”

MIDDLE CLASS?!?!

Nice piece, BTW.

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By: klhoughton http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43078 Thu, 13 Sep 2012 16:35:40 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43078 “But let’s not kid ourselves that they’ll be disproportionately represented at Davos 2040, or that any school, anywhere, could deliver such a class.”

Uh, Felix, let’s not kind ourselves that they won’t be disproportionately represented at Davos–since they’re more likely to inherit their parents’s businesses and/or Rolodex.

“one which has the same kind of middle-class parents as the others,”

You have an interesting definition of “middle class”: those who can afford to spend around the median US household income on tuition–and often a “charitable” donation–for each child.

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By: klhoughton http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43077 Thu, 13 Sep 2012 16:35:11 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43077 “But let’s not kid ourselves that they’ll be disproportionately represented at Davos 2040, or that any school, anywhere, could deliver such a class.”

Uh, Felix, let’s not kind ourselves that they won’t be disproportionately represented at Davos–since they’re more likely to inherit their parents’s businesses and/or Rolodex.

“one which has the same kind of middle-class parents as the others,”

You have an interesting definition of “middle class”: those who can afford to spend around the median US household income on tuition–and often a “charitable” donation–for each child.

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By: klhoughton http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43076 Thu, 13 Sep 2012 16:34:28 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43076 “But let’s not kid ourselves that they’ll be disproportionately represented at Davos 2040, or that any school, anywhere, could deliver such a class.”

Uh, Felix, let’s not kind ourselves that they won’t be disproportionately represented at Davos–since they’re more likely to inherit their parents’s business.

“one which has the same kind of middle-class parents as the others,”

You have an interesting definition of “middle class”: those who can afford to spend around the median US household income on tuition–and often a “charitable” donation–for each child.

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By: rmmm http://blogs.reuters.com/felix-salmon/2012/09/13/annals-of-new-york-private-schools-avenues-edition/comment-page-1/#comment-43075 Thu, 13 Sep 2012 16:20:05 +0000 https://blogs.reuters.com/felix-salmon/?p=17593#comment-43075 “… a $5 million mortgage — which, if it’s a 30-year loan at 4% interest, will cost you some $286,000 a year in mortgage payments …”

Maths fail

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